FAQs

• What are the minimum and maximum loan amounts?
• What are the loan tenure options?
• Are there any additional charges?
• How much time will it take for my loan to be approved?
• Do I have to provide any security, collateral or guarantors?
• How do I repay the loan?
• Can I prepay my loan?
• How do I approach ICICI Bank for a Personal Loans?
• In which locations do we offer Personal Loans?
• Can I get a Personal Loan for business purpose?
• What is the procedure to prepay my Personal Loan?
• How can I prepay my Personal Loan as I am unable to visit branch?
• Do you offer Top Up loan on existing Personal Loan?
• How can I obtain my un-banked PDC or Security PDCs?
• How do I update my mailing address, mobile number or e-mail ID registered under my loan account?
Apply online for an ICICI Bank Personal Loan

You can avail of loans ranging from Rs 50,000/- to Rs 10,00,000/- depending on your eligibility, income and repayment capacity.

What are the loan tenure options?

The loan can be repaid over a period of 12 to 48 months.

Are there any additional charges?

A processing fee of 2% or 3% depending on the location, of the loan amount is payable upfront. This fee will be deducted from the disbursal amount payable to you.

How much time will it take for my loan to be approved?

Loans are approved within 72 hours of submission of complete documentation.

Do I have to provide any security, collateral or guarantors?

No security, collateral or guarantors are required for obtaining Personal Loans.

How do I repay the loan?

You can repay the loan in Equated Monthly Installments (EMI's) through post-dated cheques favouring ICICI Bank Limited, or if you have an ICICI Bank account you can mandate us to directly debit the same.

Can I prepay my loan?

Yes, you can prepay the entire loan outstanding anytime after paying 6 installments. Prepayment charges as applicable would be levied on the outstanding loan amount. No part prepayment is allowed.

How do I approach ICICI Bank for a Personal Loans?

You can approach us in any of the following ways

• Call us at our 24 hour Customer Care Centre
• Apply Online
• Write to us using the "Email Us" option
• You can just walk into any of our branches.

In which locations do we offer Personal Loans?

Presently, we offer Personal Loans to the below locations only.

Can I get a Personal Loan for business purpose?

We do not offer Personal Loan for business purpose or to self employed individuals.

What is the procedure to prepay my Personal Loan?

For prepayment of your Personal Loan account, please visit our Loan Asset Department. We request you to carry with you the following documents to complete the process:

• Bank statement reflecting the clearance of the last installment
• Request Letter signed by the loan applicant
• Pre-payment Statement (Place request using the "Email Us" option)
• PAN Card (if the mode of payment is cash and the amount is more than Rs.50,000)
• Payment can be made through cash, cheque or demand draft.

How can I prepay my Personal Loan as I am unable to visit branch?

In case you are unable to visit the loans department for prepayment of your loan, you can send your representative along with an authority letter duly signed by the loan applicant, for payment. The co-applicant or third party visiting the branch for closing the loan needs to carry the documents mentioned below:

• Main applicant Identification proof (Driving License or Passport or Voters card or PAN Card)
• Authorisation letter from main applicant.

Do you offer Top Up loan on existing Personal Loan?

We are sorry to inform you that ICICI Bank is currently not offering the 'Top- up loan' facility on existing Personal Loan relationships.

How can I obtain my un-banked PDC or Security PDCs?

In the event of the applicant's/s' wishes, to procure the post-dated cheques and / or security post dated cheques that remain un-banked at the end of the loan tenure / change of repayment mode; or details of such un-banked post dated cheques and / or security post dated cheques, the applicant/s must make a request for the same, within thirty days of closure of loan / change of repayment mode. If this is not done, ICICI Bank shall have the discretion / responsibility to destroy the un-banked post dated cheques including security post dated cheques without any further notice and ICICI Bank shall not have the obligation to return the same to the Applicant/s.

How do I update my mailing address, mobile number or e-mail ID registered under my loan account?

You may update your mailing address, mobile number or e-mail ID through any of the following modes:
a. Through Internet Banking:
STEPS:

• Login to www.icicibank.com with your user ID and password
• Click on the "Loans" option
• Click on the "Requests" option
• Select the option "Request for Address Change" or "E-mail and contact number updation"